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and little optimism. >> the world economy recovery continues, but it has weakened further. in advanced economies, growth is now too little to make a substantial dent in unemployment. >> reporter: colleagues cut their forecasts for growth worldwide to 3.3% this year. the recovery has suffered new setbacks, they wrote. and uncertainty weighs heavily on the outlook. >> you can call it a general feeling of uncertainty about the future. worries about the ability of european policy makers that control the euro crisis. there are worries about the failure of u.s. policy makers to agree so far on a fiscal plan. >> reporter: he ran through a list of challenges in developed countries. government spending cuts, a weak financial system, high unemployment. emerging economies such as china drove the recovery from the global downturn, but they have cooled off. >> clearly the downside if the global economy were to slow much more than expected, then additional policy measures will be needed. >> reporter: he said he was encouraged by the easy money policies of many banks and pieces to what he called a co
is progressing and away the mature economic and economy as we have it pretty sound situation. well, if you compare what is happening in the u.s. in terms of the design of the framework of my economic policy, this is a totally different vision. in the u.s. you have the degree of flexibility. it's ready to intervene and to apply a very flex ability monetary policy, wearing europe the process is very cumbersome. it is a process in which the decision-making is extremely complex and we lack a proper lender for sovereign ends. this is the root of the problem today, that we have to apply fiscal policy, but we don't have a sufficiently policy. i would like certainly a lender of last resort. there is a situation for and stability in the sovereign that markets an example for that, in this chart you see the spread of the government that equally compare with germany and the spread is nearly 650 basis point. as you can all understand, it is impossible to work within a monetary union with such discrepancies between the core countries to finance themselves in european countries in this case, we have to p
,000. and so we're seeing steady improvement in this economy. i will talk for a minute as employer. i've been in the private sector for two decades. i'm in a community that had double-digit unemployment. we're seeing job growth and seeing employers beginning to hire again. would i say this i have every faith and confidence that the data put out by the federal government is fair, nonpartisan. tony who was, george bush's deputy press secretary said of course these aren't manipulated. melissa: i didn't accuse you of manipulating them. i don't for one second doubt them. i'm saying the two surveys, the numbers are very different. 1, one, 8 -- 873,000 added. but 750,000 showing up working on one but not showing on payrolls. that means they're not working in offices. maybe they're selling stuff on ebay, working part time. doing things that don't show up. how do you reconcile those 7508,000 people who aren't showing up on payrolls? >> well, i'm not sure i can specifically reconcile. i will tell you these surveys tend to have lags in them. again the trend line is absolutely clear. 5.2 million jobs add
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the great depression. the modest and sometimes weak growth we have had has made it very difficult for the unemployed. we have long-term unemployed, those are of work for six months or even a year, that has been a record -- at record levels. ben bernanke has long term crashes -- the prices of long- term unemployment. -- the crisis of long-term unemployment. host: let's begin with a call fr
zakaria. welcome from all over. i'm fareed zakaria. the state economy. i was the topic of this week's presidential debate and be d deciding week of the election. we're often told we need to get businesses to start investsing and hiring. well, we have three powerhouse ceos on the show. lloyd blankfein, and john of cisco systems. next, 11 years after 9/11, do we have to worry about al qaeda again? i'll talk to the former cia chief michael hayden about the aftermath of the benghazi attack. >>> and on his decade in hiding after a threat was placed on his life. >>> also, if china's growth slows, should the rest of us cheer? no. >>> first, here's my take. the pundit dees claired mitt romney the winner. he was. obama seemed passive, detached, and glum. but what's more significant than how romney said things is what he said. romney repeatedly insisted he was not advocating a big tax kuchlt in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a
? the choice is clear. a stagnant economy that promotes more government dependency, or a dynamic growing economy that provides opportunity and jobs. mitt romney and i will not duck the tough issues. we will not blame others for the next four years. we will take responsibility. we will not try to replace our founding principles. we will reapply our founding principles. the choice is clear. the choice rests with you. we ask you for your vote. thank you. >> thank you both again. thank you very much. this concludes the vice- presidential debate. please tune in next tuesday for the second presidential debate in new york. i do hope all of you go to the polls. have a good evening. [applause] [captions copyright national cable satellite corp. 2012] [captioning performed by national captioning institute] [applause] , livem tonight's debate reaction for the next hour. it is just past 1:00 eastern time in the morning. we are taking your tweets. you can join us on facebook. we will get to your calls in a couple of minutes. [applause] >> as the vice president the parts, along with paul ryan and their
trying to push the leaders of developed economies down a prudent path. weighed some of the risks and say confidence pretty much everywhere is still pretty fragile. economists release global financial stability report, checkup of the financial system. >> the choice today is between making the necessary but tough policy and political decisions or delaying them once more in the false hope that time is on our side. it is not. >> the man there says it is time for governments off to act. he said the biggest risk is the euro zone. private sector money pulled out from peripheral economies in the region back into the core ones. that is pushing up borrowing costs for government, banks, countries, italy and spain. this he is says feeding a further downturn to. reap ver to reverse the situation is well timed fiscal consolidation and they need to do this reducing excessive debts. economists fame size steps need to be take in to boost foundations beneath banks they hope the european stability and bond buying program will help rebuild investor confidence. they suggest a unified system to supervise bank
? >> it's me, big with bird. >> big yellow, a menace to our economy. mitt romney knows it's not wall street you have to worry about it's sesame street. >> people are criticizing that ad. are they right or wrong? i will decide. later in the program, is this the world's worst wedding ever? >> in the video, you can see officers wield be batons. it was necessary to control the crowd which police say had been drinking. >> that's not even the elbow of the day, although a couple of elbows did fly in that. all right it's go time! ♪ ♪ >> bernie madoff. >> big bird. >> big bird. >> glut tons of greed. one man has the gouts speak its name. >> it's me, big bird. >> i love big bird. >> somebody's cracking down on big bird. >> big yellow, a manness to our economy. >> he's going to bring the hammer down on sesame street. >> we just think it's time you flew the coop. >> that was a good debate. i liked the debate. >> new strategies, just call it liars. >> don't pay attention to that behind the curtain. >> romney, ryan, 2012. yay! >> well, democrats woke up this morning with their hair on fire thi
that the economy is a top issue, you run into a risk of focusing on too many items as opposed to jobs and economic issues. host: there will also be a foreign policy debate coming up on october 22. is this a sort of preview of that debate? will this be a preview for the obama camp to see what they will be talking about, coming up? caller: it will be a chance for governor romney to do a preview, yes. the thing that i think occurred many times before, romney camp -- came out and named a lot of these things fairly forcefully. from what we saw yesterday, this will be an even stronger reputation of his view on those issues. getting out on the campaign trail at these paul ryan events, particularly when it comes to the issue of things like foreign aid and how this country deals with the resources when it comes to other places, we do not exactly see that relationship being reciprocal. it is something that has gotten a surprising amount of attention on the trail over the last few weeks. it could be an area where the mitt romney campaign is looking forward as they decided to hold this speech. host: one piece
's policies would hurt farmers. the governor talks about his five-point plan to fix the economy, something he says will help everyone from farmers to small businesses. >> i'll make sure our tax policies and our regulatory policies and healthcare, all these things come together to make it easier for small business to grow and thrive. america needs this new direction. we can't go on the path we've been on. we must restore america's strength and i will do it with your help. >> the obama campaign leveling a new attack at governor romney today over his plans to cut spending, specifically cut funding for pbs that would affect big bird. they have a new ad about it on today. >> bernie madoff, gut tons of greed and the evil genius to towered over him. one man has the guts to speak his name. >> big bird, big bird, big bird. >> it's me big bird. >> big yellow, a men as to our economy. mitt romney knows it's not wall street you have to worry about, it's sesame street. >> reporter: the republican national committee coming out with its own response, this graphic advertisement that quotes the count from ses
get this balanced budget. we must get this debt under control. this debt not only hurts our economy today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-president joe biden at tonight's debate. this is from a recent campaign stop in florida. [video clip] >> there is no quit in america, folks. ladies and gentlemen, that's why i know i'm not the only one who was offended to hear governor romney write off nearly half the country is in his statement about 47% of the people being dependent. if you read the book congressman ryan has written with two other leading young members of the republican party, they talk about -- the title of the book is "young guns," and they talk about this culture of dependency in america without acknowledging that all those people -- o
to "washington journal." as campaign 2012 hits its final month, the presidential candidates are using the economy to frame their vision for the future and what they would do for the american dream. we saw a jobs numbers that showed an unproven unemployment rate. we would like to hear your opinions. has the american dream been downsized? you can also share your opinion on social media. send us a tweet by writing @cspanwj. you can also join the conversation on facebook. or you can e-mail us. the front page of "the washington post"looks out with the call life of a salesman. he always finds to -- he always seems to find optimism in the worst of circumstances. here is another chance. the story profiles this man building and installing pools. how he had to downsize his business, cut employees, and work even harder to find jobs. let's take a look at the content. it says -- what do you think? has the picture of the american dream changed? national journal took a look it how americans are perceiving the economic situation right now, not just on a national level but on the personal lives, too. in a heartla
you characterize business the last three months? >> maria, good hearing your voice. the economy really continues to misfire and you see alcoa is really on the business side in high gear. we obviously in this environment focus on the things we can control. we got one thing there, two major issues were overshadowing it a little bit. a civil litigation case we moved out of the way and mediation, which has been pending there since 1989. that's gone. revenues, $5.8 billion. performance is basically paying off. we're hitting profitability highs. in the upstream business, you actually see when you open the hood that there's strong productivity underneath it and that we're adjusting the structure. that pretty much gives an idea of what's happening in the quarter here. >> a couple points, klaus. you mentioned that settlement with alba. is there any reason to believe there's more to come on this whether or not other lawsuits sort of carry on in the next quarter and the next quarter, or can you categorically say this issue is behind? >> well, the civil settlement is behind us. that's one thing. i
to reform their economy. geithner meant with the indian finance minister in new delhi. >> i think the reforms outlined by the government of india offer very promising paths to improving growth outcomes for the indian economy. >> observers say geithner is urging the indian government to proceed with the economic reform policies. the prime minister has been trying to implement changes. one example is his push to open the retail sector to foreign supermarkets. plans to ease restrictions on foreign investment have sparked an angry reaction. one party has left the ruling coalition in protest. >>> now let's check on the markets. u.s. stock markets ended lower on tuesday as lingering uncertainties about the global economy led investors to sell shares. to see how stocks are trading this wednesday morning, let's go to ra mean at the tokyo stock exchange. the earnings season kicked off in the u.s. giving investors the jitters it seems. >> jitters indeed. we did see the dow trading lower but the nasdaq was the biggest loser after a brokerage down grade for intel which weighed on that tech he
is going to be the economy that decides it. in the economy of monthly and quarterly data releases, this is the economy of day-to-day lives. the struggle to find jobs and pay bills. it was striking and that several people referring to both candidates said, i wish they could step into my shoes for a day to see it as i see it. there is a perception that they have not empathize. hashemi polls suggest that some voters say they are starting to see an uptick in the economy. >> there is a concern about the day-to-day lives and the future. we cut something. that is what washington has done and they're very worried about china. >> nobel prize for literature has been awarded to the chinese writer. making the announcement, the swedish academy praised his for realism. many in the west may not be familiar with his work, but we have more on the prolific writing that has stretched for decades. >> [inaudible] >> he was at home with his dad when he heard that he won the nobel prize for literature, the first chinese national to do so. he said he felt overjoyed and terrified as the man who made the a
the a but. manufacturing has contracted for 11 straight months, and the economy is flat line right now, so they have a predicament where they bought much too much. gerri: one of the biggest threats to the u.s. economy now is china's economy. i want to change tax a little bit and talk but mitt romney. he had an impressive delivery today on foreign policy. a big speech. here's what he had to say. >> the president is fond of saying that the tide of war is receding, and i want to believe him as much as anyone else. when we look at the middle east today with a run closer than ever to nuclear weapons capability, with the conflict and syria threatening to destabilize the region and with violent extremists on the march and with an american ambassador and three others dead, likely at the hands of terrorists. it is to the rest of conflict is higher now than when the president took office. gerri: does he have that right? >> i think he absolutely does. i have been waiting 25 years for the speech. romney david. he was channeling reagan, harkening back to the notion that america uses our economic power
here in the hall tonight and from online have to do with the american economy and, in fact, with global economic conditions. i understand that you flipped a coin. and, senator obama, you will begin tonight. and we're going to have our first question from over here in section a from alan schaefer. alan? >> with the economy on the downturn and retired and older citizens and workers losing their incomes, what's the fastest, most positive solution to bail these people out of the economic ruin? >> well, alan, thank you very much for the question. i want to first, obviously, thank belmont university, tom, thank you, and to all of you who are participating tonight and those of you who sent e-mail questions in. i think everybody knows now we are in the worst financial crisis since the great depression. and a lot of you, i think, are worried about your jobs, your pensions, your retirement accounts, your ability to send your child or your grandchild to college. and i believe this is a final verdict on the failed economic policies of the last eight years, strongly promoted by president bush and su
is this -- or is this a larger statement about the economy as a whole? >> well, i think it has a little less to do with the economy and a lot to do with production. there's some riding going out, and there's rumors that it's going to cause all kinds of production problems. heading into the christmas season, that can't be a good thing for apple, and that's really why it was selling off so big. don't be shocked if we see some buying tomorrow. there are a lot of people taking off today for columbus day, um, so, you know, i'm not going to put too much stock in kind of apple's move or the market overall -- david: although it traded down at the end of the day. i've got to tell you, it traded down below 2% going into the end of the trading day, so that's not a good sign for the beginning of tomorrow, is it? >> not at all. off almost 10% from the highs. but, you know, tomorrow we'll see whether the big institutions step in and start buying. you know, this is one of those weeks where there's really not a lot out there, right? we've got the vice presidential debates, we have little economic news. we do have
think algerians would focus on surviving in the informal economy, but algeria will effectively return to the it is status quo. it'll be this big, glaring absence in north africa. the largest country in africa disengages from the international community, solutions to the instability that dr. zoubir mentioned, solutions to the instability in sir car or northern -- syria or northern mali. what would make this all the more glaring is if our worst fears about libya were to come to pass. as i mentioned before, the libyan government is very much committed to the road map they've laid out, they're very committed to the political process, but i'd like to bring you back to the middle of 2011. at the time, gadhafi's head of external security defected. and when he defected, he warned that libya would become like somalia. and at the time i think most frames of references were to mogadishu, to a black hawk down moment. and, unfortunately, we have had a black hawk down moment in benghazi. but i think he's, you know, a are nuanced guy. and what i think he was referring to was a much broader frame of
this speech is about. that's the big choice that the american people have on the economy. you've got these crippling deficits, anemic jobs. you've got romney's plan to reverse that. on foreign affairs, you've got a failed foreign policy. yes, they've done more drone attacks, which is good. yes, osama bin laden is dead, which is good. but whether you deal with russia, china or throughout the broader middle east, you have a disaster. we saw that in the killing of the american ambassador in benghazi and a fundamental misunderstanding. >> i want to get to some other issues. i want to get to larger question, which is what is a romney foreign policy? what is going to be different about it than president bush's? less sort of the quote unquote freedom agenda? >> what you're going to have is a foreign policy that's been in the bipartson tradition of strength from kennedy and beyond. one that believes you need a strong economy. you need to have leadership. america's better off and the world is better off when america leads as "the washington post" editorial said today. there's a vacuum in syri
know that he cares about women and he cares about making the economy good for women and he cares that these past four years have been the most difficult on women. more women have become unemployed than men in the last four years. you also know that more women have fallen into poverty in the last four years. i know that we need to have women out there understand at thatmitt is a person cares and will work harder than anyone, that will be there, and he will not fail. host: the question is whether political spouses affect your vote. kathy in fort worth, texas, republican line. caller: good morning. my name is actually jackie. i am a mother. i'm not wealthy or educated. i went to high school. i have three sons and two grandchildren. i think it's wonderful to hear their spouse talk about them. it makes me see a different perspective in their personal lives. so i think it's good. host: what is it in particular that you like hearing from the wives of the candidates? is it their personal stories? is it them talking about their families or their professional experiences? caller: i think i
everything but the kitchen sink. the disparity between the stock market and the reality of the economy is the spread is very wide. anticipation of the uncertainty. you know, we've been talking for weeks, months, the fiscal cliff. here's the correction. i'll go along with it. yes, i think market's going to work its way lower. >> dan, are you nervous that all four of you agree and are nervous? >> i'm not really that nervous. >> when we get 5% corrections, they're over and done with before we have a chance to act on it. if you get a 5, even 7% correction, you want to use that opportunity to buy stocks that may be down 8 to 9%, 10%, perhaps. >> what are you going to buy here, david? >> i'll give you a few names. on a smaller cap site, itt, which is a spinout. about a year ago they spun out their defense and water business. i think the management is very shareholder driven. the yield is compelling, and they're going to grow the yield. another name that looks compelling to me is the housing market continues to improve. lowe's, very shareholder driven. valuation at a discount to home depot. i
debate performance. >> absolutely. the economy is starting to very slowly and tentatively heal. i think things are slowly getting better. but there is not a go-go economy. >> jennifer: right. the bloomberg -- there was a surprise index issued by bloomberg today which says that the economy is improving more than professional forecasters had predicted. let me talk about the book. plutocrats. can you define that? >> i use it to talk about people at the very very top of the distribution, the 0.001%. that in the united states the threshold is making more than $7 million a year. >> jennifer: and the danger? >> two things. first of all to say to people you know, wake up the gap between the people at the very top and everything else is bigger than it has ever been in america. you know, it has -- it is touching the levels it touched in the guilded age. >> jennifer: and implications for the economy? >> the implications for the economy are -- i actually think we don't know for sure yet but what is to me more interesting and more important are the implications for politics.
but the question remains how and when the economy will start to get in gear again especially in countries like spain, italy, and france. it is why the introduction really did not inspire on the stock trading floors this monday. >> we will have more on the implications later in the show with reports on portugal and greece. for now, a closer look at the market numbers. the dax 1.5% down. stoxx 50 closing at 2496. the dow is down just a tad. the euro is trading to $1.2966. consolations between china and the u.s. have seen better days. the u.s. has released a report saying that americans have -- should not do business with communications companies. >> the report follows an 11- month investigation into two companies. >> legislators in washington fear foreign telecom companies could pose a threat to u.s. national securit. it says firms could use their business in the u.s. to install software to is by an ounce -- spy on u.s. infrastructure. they named two companies and they believe they should be wary of huawei and zte. the two companies deny the allegations and have the support of the chinese govern
cacacacacacaaac >> ceo jamie dimon spoke about the global economy and foreign relations today as part of their ceo speaker series. it is virtually assured that bond markets would project the rest out of congress could not reach a deal cutting the deficit. jpmorgan is being sued at the new york attorney general over allegations that subsidiary bear stearns deceived investors into buying mortgage-backed securities. this is an hour. [inaudible conversations] >> well, good afternoon. i am richard haass and i want to welcome all of you to the council on foreign relations into today's ceo speaker series meeting. this is part of the council on foreign relations corporate programs, which is supposed to increase connections and links between the business community in the foreign policy community, which to some extent are one and the same. i want to thank -- rather welcome not necessarily those of you do, but those around the world participating in this meeting or modern technology. speaking of modern technology, if people take a second to turn off their cell phones and the like, that would be most welcome.
the ayatollah sees. he sees his economy being crippled. the ayatollah sees 50% less exports of oil, he sees his economy going in a freefall, and he sees the world totally united in opposition to him getting a nuclear weapon. the president has met with netenyahu a dozen times. i was in -- just before he went to the un i was in a conference call with the president -- with him talking to netenyahu for well over an hour and stark relief of what was going on. this is a bunch of stuff -- >> what does that mean? >> biden: it means it is simply inaccurate. >> ryan: it is irish. >> biden: it is. the secretary of defense has made it -- you can't walk anything back. we will not allow the iranians to get a nuclear weapon. what netenyahu held up there was when they get to the point where they can enrich uranium enough to put it into a weapon. they don't have enough to put it into a weapon. iran is more isolated today than when we took office. sit totally's a littled -- [overlapping speakers] >> ryan: thank heavens we had these sanctions in place. it is in spite of their opposition --
want to start talking asian countries, they have really been a bright spot for the global economy. but we are seeing, economies of europe and the u.s. starting to really stagnate. we are seeing a slowdown in china. and india. wondering how much can asia continue to support growth? >> as we see,isha^ kra asia re leader. we expect asia to grow 5.5% this year, rising to 6 poe% this yea above global growth. i would say, you will see demand pick up in asia and keep growing -- growth active and robust. >> speaking of domestic demand, how much will that be able to really shield asian countries, do you think from the global slowdown we are seeing. what do policy makers need to do to ensure that domestic demand continues? >> this is a very important issue. they're dealing with this, two ways to handle this. there is ram oom to build new stimulus on the fiscal side. for many countries, inflation is back in the comfort zone. and for national conditions a. accomodated. looking ahead -- asia is looking to rebalance. and raise domestic demand in different ways. between china and other countrie
in this campaign and those stark terms. i would say the greatest rank of the american economy and the culture has been that we have been the best at adapting to change, at adapting to rapid james. i think this fact of three plus decades of having lost ground economically makes people fear the future instead of embracing it. when you fear the future, then that adaptability goes. that is why i would say that one of the big boys and which we have changed and which we are weaker than we have been. >> one final thought on that. one thing that has surprised me in the last cycle of the recession is that there has not be more talk of protectionism. that gives me a little hope that both parties realize that they kind of 1930's solution to retraction of the economy is really worse than what you would otherwise do. >> to have attended to running at a very hard line against china and taking a tough stand against china. that is actually a switch. the head the republican taking a harder line against trade. >> there maybe some specifics that need to be pursued it. the broader political system is not generating
-you to a keen observer on washington politics and the economy, as well who as a great moderator. and thank you to our panelists. we really appreciate you all being here. i would also like to again thank our sponsors at bloomberg government, the roth political report -- and a reminder that if you enjoyed today, we do this for state of the industry conferences. a reminder -- in four weeks, election day will be held. a couple of days afterward, we will have a major event at the chamber, on the morning of november 8. we hope you will mark our -- mark your calendars and join us. thank you very much, and have a great day. [applause] [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2012] >> both presidential candidates are in ohio, with rallies this afternoon. mitt romney is a kind of false -- is at the falls. the president fifth event at ohio state university will start shortly. meanwhile, a discussion of how the presidential race shapes up. >> we will be getting electoral scoreboard updates from a lot of publications. today, we feature "the
on taxes, the economy, foreign policy, if you like. share portions of the debate with those in your community. you are welcome to do that on c- span.org and book for our debate held. tomorrow, the candidates are on the campaign trail. vice president biden with joe biden will be in wisconsin at 2:45 eastern time. paul ryan will be with mitt romney in lancaster, ohio, at 5:40 p.m. both of them will be airing on c-span. right now, it is time for us to play, in its entirety, tonight's presidential visit vice- presidential debate in kentucky. -- tonight's vice presidential debate in kentucky. i am martha raddatz. i am honored to moderate this debate between the two men who have dedicated much of their lives to public service. it is divided between domestic and foreign policy issues. i will move back and forth between foreign and domestic. we will have nine different segments. at the beginning of each segment, i will ask both candidates a question and they will each have two minutes to answer. i will encourage discussion between the candidate with follow-up question. it has been determine
they provided points and issues on zingers and economy and debate decorum. >> mr. vice president, i know you're under a lot of duress to make up for lost ground but i think people would be better served if we don't keep interrupting each other. >> with regard to social security, we will not, we will not privatize it. if we listened to governor romney and congressman during the bush years, man where all those seniors would be now if there money had been in the market. their ideas are old and their ideas are bad and they eliminate the guaranty of medicare. >> here he is the problem. they got caught with their hands in the cookie jar turning medicare into a piggybank for obamacare. >> usually when there is a crisis we pull together. we pull together as a nation. as i said, even before we knew what happened to the ambassador the governor was holding a press conference, was holding a press conference. that is not presidential leadership. >> this is becoming more troubling by the day. they first blamed a youtube video. now trying to blame the rome rom ticket for making this an issue. with you shou
this administration-- >> let me tell you what the itoll as, the ayatollah sees his economy being crippled. the ayatollah sees there are 50% fewer exports of oil. he sees the currency going into the tank. he sees the economy going in a free-fall, and he sees the world for the first time totally united in opposition to him getting a nuclear weapon. now with regard to bb he's been my friend for 39 years. the president has met with bb as much as he's spoken to anybody. just before he went to the u.n. i was in a conference call with the president-- with him talking to bb for well over an hour. and-- and-- in stark relieve, in detail of what was going on. this is a bunch of stuff. look, here's the deal-- >> what does that mean it's of a bunch of stuff. >> it's irish. >> it is. we irish call it malarkey. >> thanks for the translation. >> the irish call it malarkey. last thing, the secretary of defense has made it absolutely clear-- he didn't walk anything back. we will not allow the iranians to get a nuclear weapon. what bb held up there was when they get to the point where they can enrich urani
. >> the ayatollah sees an economy being crippled. 50% fewer exports of oil. the currency is going in the tank. he sees the economy going into free-fall. he sees the world totally united in opposition. the president has met him a dozen times. he has spoken to netanyahu as much as he has spoken to anybody. just before he went to the un, i was in a conference call with the president talking for well over an hour. stark detail about what was going on. >> what does that mean? >> d.r. risk: malarkey. the secretary of defense -- the irish call is malarkey. we will not allow the iranians to get a nuclear weapon. when they get to the point where they can enrich uranium in half to put into a weapon, they do not have a weapon to put it into. but all calm down. iran is more isolated today than when we took office. it is totally isolated. i do not know what a world these guys are end. >> in spite of their opposition. they had given 20 waivers to this section. all i have to point to our results. >> can you tell the american people -- >> they are closer to being able to get another -- enough material to put it
-- >> let me tell you what the ayatollahs sees his economy being crippled. the ayatollah sees there are 50% fewer exports of oil, they see the currency going into the tank. he sees the economy going into a freeh fall and he sees the world for the first time, totally united in opposition to him getting a nuclear weapon. with regard to b.b., my friend for 49 years, the president's met with b.b. a dozen times. he has spoken to netanyahu as much as he's spoken to anybody -- i was in -- just before he went to the u.n., i was in a conference call with the president with him talking to b.b. for well over an hour. and stark relief and detail about what was going on. this is a bunch of stuff. look, here's the deal-- >> reporter: what does that mean, "a bunch of stuff"? >> he's irish. [laughter] >> we irish call it malarky. >> but last thing, the secretary of defense has made it absolutely -- you can't walk anything back. we will not allow the iranians to get a nuclear weapon. what b.b. held up there was when they get to the point where they can enrich uranium enough to put into a weapon. they don'
and foreign possibilitpolicy. tonight will be about the economy. an issue that the pundits say will likely decide this election. each campaign offers a vastly different approach to tackling the tough issues including how to lower the nation's 7.8% unemployment rate and how to rein in the national debt that tops $16 trillion. each nominee has 90 minutes to convince the voters that his to get is the best. from abcs moderator is marth news. >> good evening and welcome to the first and only vice- presidential debate of 2012. sponsored by the commission on presidential debates. i am honored to moderate this debate between two men who have dedicated much of their lives to public service. tonight's debate is divided between divided and domestic foreign-policy issues and i will move back and forth between foreign and domestic because that is what a president or vice-president will have to do. we will have nine different segments. i will ask both candidates to question and will each have two minutes to answer. i will encourage the discussion between the candidates with follow-up questions. bicorne
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